sample to surface, though, tells us nothing about potential...

sample to surface, though, tells us nothing about potential reserves or production flow rates. We really, at this stage, have no idea what is truly there, and the initial data is not exactly extraordinary. I came upon a Dec piece from TheMarketOnline today that I thought contained a useful reminder: “While Invictus has found gas on-site, it’s never once hit any volume of gas that matches the expectations...After running to a total depth of 3,350 metres, the company has hit one zone of gas-bearing geology downhole Mukuyu-2, reporting a net pay zone just under 35 metres thick. That means only 1% of the entire well’s measured length intersected gas-bearing geology.” And far from the “rich” quality Scott pushed, by industry standards it was quite average.

ASX manipulation or no, there’s a lot of unknowns yet. Still very much a risky venture, until further data comes in.